Client has 8.5 lakh salary and f&o turnover of 3.2 lakhs with loss of 54 thousand.
Does he has to do tax audit if I file in 44AB instead of 44AD ?
Thanks & Regards
Menu
Futures & Options - Tax Audit
Replies (3)
Quick Summary
I don't think it crosses the threshold limit for tax audit.
Yes, as per 44AB turnover is not crossed & I checked we can file return without tax audit even if loss, if turnover is less than 10 crores.
But what about when turnover is less than 2 crores. I am confused there.
But what about when turnover is less than 2 crores. I am confused there.
Go through 44ad on that time.
Recent Topics :
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
Related Topics :
CAclubindia
